SEP III

(Registered No. SL005605)

Pursuant to section 10 of the Limited Partnerships Act 1907 NOTICE is hereby given
that, on 28 December 2017, SGG (NZ) Limited, acting in its capacity as trustee for
FCPR APEH Europe IV transferred part of its interest in SEP III (the "Partnership"), represented by a capital contribution of £17 to a new limited partner, Pantheon
Duo Bidco, L.P..

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